Coal India Ltd. Technical chart | 15-Dec-2011


Let us analyze the technical chart of Coal India Ltd., listed on Indian stock exchange, with ichimoku Kinko Hyo indicator.










Like my previous post on ONGC, Coal India is also trading below kumo. Not a right time to invest in this stock as there is more room for downside here. It will give bullish breakout only above 352. Below it’s a weak chart.

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